Long Island Community Hospital

Patchogue, NY Health careNAICS 622000

Self-funded health planPlan year 2024Renews JanuaryCollectively bargained
745ParticipantsFirst year on file
$1.8MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#103 of 137Health care in NYBy participants

Overview

Long Island Community Hospital sponsors a self-funded health plan that covered 745 participants in plan year 2024. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
745
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Long Island Community Hospital Employee Health and Welfare Benefit Plan, plan 503 (745 participants)
Broker compensation
$4K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilityDeath benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
New York Life Group Insurance Company of New YorkLong-term disability, Life991$164K$-7K
The Guardian Life Insurance Companyof AmericaDental720$112K$11K
Anthem Blue CrossVision1,516$58K—

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$1.8M/ year

Estimated prescription spend: 745 participants × $2,371 national average per member. Usually higher once dependents are counted.

$46K–$113K/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$13K–$34K
Lower-cost therapeutic alternatives$20K–$41K
Generic pricing vs. actual cost$8K–$25K
PBM contract terms$4K–$13K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
Long Island Community Hospital
Sponsor EIN
11-1704595
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 11-1704595 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Brookhaven Memorial Hospital Medical Center DBA Long Island Community Hospital Retirement Savings Plan
Type
401(k) plan
Participants
2,804

About this data

Source: Long Island Community Hospital's Form 5500 filing for plan year 2024 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Long Island Community Hospital.

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